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Saturday, December 3, 2022
HomeTipsLondon’s inventory buying and selling app Trading 212 secures £13.75M funding -...

London’s inventory buying and selling app Trading 212 secures £13.75M funding – UKTN

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Trading 212 UK Limited, a London-based FCA-regulated on-line dealer offersing buying and selling providers with foreign exchange, firm shares, and CFDs. Now, the corporate has secured £13.75 million in capital from its shareholders Borislav Nedialkov and Ivan Ashminov, who’re additionally its co-founders.

Growth plans

As per Finance Magnates, the newest fundraising was made in late July and adopted the £6 million of further cash that the shareholders put into Trading 212. With this, the entire quantity raised by the corporate to this point in 2021 accounts for £19.75 million. In addition, Trading 212 raised £2 million in August 2020.

As per the newest submitting, the dealer has issued and allotted 13,750,000 shares on July 27. Each share was allotted at a nominal price of £1. Besides these, the corporate famous that the newly issued shares had been allotted in change for money.

Trading 212 confirmed that the newest capital injection might be used to assist assist the expansion within the enterprise of the brokerage enterprise. Like a lot of its on-line brokerage counterparts, Trading 212 witnessed a pointy uptick in all metrics over the previous 12 months.

Brexit results

The buying and selling platform that benefited from the retail buying and selling frenzy through the skyrocketing demand for meme shares was compelled to close new accounts as its infrastructure couldn’t cope up with the surge in demand. Also, it confronted the brunt of Brexit and migrated its purchasers within the EU to Trading 212 Markets Limited working with a CySEC license.

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